FBI Arrests 2 Men Planning ‘Violent’ Robbery of Bitcoin Worth Millions of Dollars — They Face 20 Years in Prison – Regulation Bitcoin News


The Federal Bureau of Investigation (FBI) has arrested two males who participated “in a violent plan to interrupt right into a household’s dwelling in the midst of the evening” to steal bitcoin value tens of hundreds of thousands of {dollars},” in response to the U.S. Division of Justice. They may go to jail for 20 years.

2 Males Charged for Planning to Steal Bitcoin

The U.S. Division of Justice (DOJ) introduced Friday the unsealing of an indictment charging Dominic Pineda and Shon Morgan with a “plan to commit dwelling invasion theft for tens of hundreds of thousands of {dollars} in bitcoin.”

The Federal Bureau of Investigation (FBI) arrested the 2 on Thursday in Virginia.

U.S. Lawyer Damian Williams detailed:

The defendants participated in a violent plan to interrupt right into a household’s dwelling in the midst of the evening and drive its residents to offer the code to what the defendants believed was tens of hundreds of thousands of {dollars} in bitcoin forex.

Based on the court docket doc, the defendants participated within the plan from Might 18 to Might 24, 2020, “to interrupt into a house in Irvington, New York and rob its residents of money and cryptocurrency.”

Across the time of the deliberate dwelling invasion, bitcoin was buying and selling at about $10,000 per coin. BTC peaked at an all-time excessive worth of $68,892 in November 2021. It has since dropped in worth and is at present buying and selling at $20,892.

The Justice Division described:

Pineda, 21, of Manassas, Virginia, and Morgan, 21, of Centreville, Virginia, are every charged with conspiracy to commit Hobbs Act theft, in violation of 18 U.S.C. § 1951, which carries a most time period of 20 years in jail.

The Hobbs Act defines theft as unlawfully taking one other particular person’s property “via precise or threatened drive.”

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Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source methods, community results and the intersection between economics and cryptography.

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